NEW BUILD HOUSES TO SAVE HOMEOWNERS OVER £3,100 A YEAR ON FUEL BILLS AS HOMEBUYERS INCREASINGLY PRIORITISE ENERGY EFFICIENCY
Research published by HBF has found that buyers of new build houses in England will save an average of £3,100 a year in energy bills compared with typical older properties when the Government's Energy Price Guarantee increases on 1st April 2023.
The updated ‘Watt a Save!’ report analyses Energy Performance Certificate (EPC) data from the Department of Levelling Up, Housing and Communities (DLUHC) to reveal the potential energy bill cost savings of new build homes versus existing properties.
The analysis finds that under the new EPG prices, the annual energy bill of the average new build (flats, maisonettes, bungalows and houses) is likely to be £1,707, saving £2,510 compared to buyers of older properties who will be facing bills of an average of £4,218.
Buyers of houses, rather than flats or bungalows, will see the greatest savings, estimated at £3,118 a year.
The report also finds that:
– New build properties require significantly less energy use, at approximately 95 kWh per m2 each year, as compared to older properties which require an average of 252kWh per m2.
– 85% of new build houses had an A or B (EPC) rating; while less than 4% of existing dwellings reached the same energy efficiency standard.
– Average new build properties emit 2.2 tonnes of carbon less than older properties each year, with the newer homes in this dataset reducing overall carbon emissions by over 500,000 tonnes a year.
Alongside the report, research commissioned by HBF has found that consumers are increasingly prioritising energy efficiency when considering a house move, with more than half of respondents to a recent survey (53%) stating that lower utility bills and running costs due to increased energy efficiency would encourage them to buy a new home.
The EPC Efficiency and Environmental impact ratings of our homes at The Haw Wood have been classified at 100+ meaning they could offer a net zero energy cost and be net zero for carbon emissions, based on regulated energy and SAP calculations
For more information and to download a real life case study on one of our homes, click here
